At this point now that the schedule is out, not really.
They never had any real "deadlines" per se, just an increased fine the longer they waited. Take it away Ottawa Citizen (from a month ago)...
http://ottawacitizen.com/sports/wait-for-u-of-o-hockey-decision-continues
"As of May 1, U of O had not yet indicated to Ontario University Athletics whether the Gee-Gees men’s hockey team would participate in its league in 2014-15.
One might have expected such a disclosure, if only because the OUA annual general meetings are scheduled for May 5-9, but it’s also entirely reasonable to say that such a decision will depend greatly on the results of the internal review, to say nothing of the impact of the police investigation.
The OUA meetings matter only in a financial sense. If any member team decided to withdraw now from the OUA men’s hockey league in 2014-15, it would face a fine of $500. (To avoid a fine, OUA members must announce their intentions to withdraw from specific sports a year ahead.) If the announcement of the withdrawal is made between May 9 and the release date of the 2014-15 OUA schedule, which in the case of men’s hockey is approximately June 1, the fine is $1,000. Any withdrawal after the release of the schedule would result in a fine of $3,000.
That, it could be said, would be the cost of business for U of O to complete its internal review of the men’s hockey program. Getting it right is the priority, not getting it done fast."
So at this point, they could decide any time before puck drop in the fall and the fine will still be $3,000. That said, there was a report last week in the Ottawa Metro (link:
http://metronews.ca/news/ottawa/104...-next-year-in-case-the-program-is-reinstated/) that the team handed out practice schedules to players - in case they were going to play, so the players could build their classes around it - and that the internal review is expected “any moment now,” and once it’s done, it will be made “somewhat public.”